The Securities Regulation Bureau has found 13 known local residents who each invested anywhere from $10,000 to $45,000 with Skaltsis, and were promised 4-percent to 24-percent interest.

“Skaltsis is accused of making false and deceptive representations about those investments by representing that he would use the funds to acquire, rehabilitate and resell distressed properties in Strafford County …” according to a press release from the Attorney General's Office.

Only one of the 13 investors has received their money back in full.

“The total amount of loss to those investors identified in the 19 charges is alleged to be $287,000,” according to the press release.

The bureau released a report that said Skaltsis' total debts, between prior investments, secured deals, personal loans, partnership deals, a defaulted mortgage and the judgment against him brings his total debts to more than $1.2 million.

According to Jim Boffetti, of the Senior Assistant Attorney General Consumer Protection and Antitrust Bureau, the court allowed Skaltsis to remain hospitalized at New Hampshire State Hospital in Concord after his arraignment last week on personal recognizance bail. He is in this hospital because he attempted suicide on Oct. 12, 2012.

If he is discharged from the hospital, Skaltsis' bail is immediately converted to $300,000 cash only.

Boffetti said the probable cause hearing can be waived, but as of Wednesday afternoon, he had no indication Skaltsis and his public defender, Carl Swenson, would be doing so.

“They haven't said if they are or are not going to do it,” Boffetti said.

If the judge believes the 19 felony charges against Skaltsis were in fact committed, the state will then present the case to the grand jury.

According to Boffetti, if Skaltsis is indicted by the grand jury, Skaltsis will be arraigned in Superior Court on those indictments.